Link Asset Management, the manager of Link Real Estate Investment Trust, has agreed to enter into a joint venture with Oxford Properties Group in the Investa Gateway Office (IGO) venture, which consists of a prime office portfolio in Australia valued at A$2.3 billion ($1.67 billion). Link will own a 49.9 percent interest, while Oxford will own a 50.1 percent interest.
Link will sit alongside Oxford as a keystone investor in IGO. Located in core locations of the global gateway cities of Sydney and Melbourne, IGO comprises five income-producing, prime-grade office assets with focus in sustainability: 126 Phillip St., 388 George St., 151 Clarence St. and 347 Kent St. in Sydney, as well as and 567 Collins St. in Melbourne. IGO has been and will continue to be managed by Investa, a real estate investment manager and office sector specialist in Australia.
“IGO is one of the highest quality Australian office real estate portfolios to be offered to the market in recent years
